Britain's pound, bonds rally after OBR forecasts
ReutersNov 26, 2025 11:59 AM
LONDON, Nov 26 (Reuters) - Sterling jumped to session highs, while UK government bond prices rose sharply on Wednesday, after the independent Office for Budget Responsibility released its forecasts early, offering a more upbeat view of Britain's economy and finances.
Sterling GBP= rose to a session high of $1.32 from around $1.3153 prior to the OBR forecasts.
Five-year gilt yields GB5YT=RR fell 7 basis points on the day to 3.864% from around 3.93% earlier on, as prices rose.
UK shares .FTSE.FTMC rallied, pushing the FTSE 100 up 0.4% on the day.
British finance minister Rachel Reeves is due to present her annual budget later in the day.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
U.S. September PCE: Likely to Fall Short of Expectations, Bullish for US Stocks
TradingKey - Currently, the market widely anticipates that the core PCE year-on-year growth rate for September will stand at 2.9%, and we expect the upcoming data to be slightly below this consensus forecast.TradingKey
Tue, Nov 25
Palantir: Why PLTR Is So Notorious, Its Stock Performance, and If It's a Buy
TradingKey — Palantir Technologies Inc. (PLTR) stock maintains its investment appeal, with analysts recommending buying on dips as valuation corrections and consistently strong earnings bolster its long-term prospects. While short-term volatility is driven by a cooling AI narrative and adjustments tTradingKey
Fri, Nov 21
The U.S. Dollar Index Is the Key Driver of Gold Prices: Where Are the Dollar and Gold Headed Next?
TradingKey - The strength or weakness of the U.S. Dollar Index stands as the core determinant shaping gold's trajectory.TradingKey
Fri, Nov 21
Alibaba FY2026Q2 Earnings Preview: The Great Pivot from E-Commerce Giant to AI Powerhouse
TradingKey - As Alibaba's earnings approach, one question dominates: Can AI and quick commerce justify sacrificing profits now for future dominance? Preview how the RMB 50 billion quick commerce push, 35.8% AI cloud share, and fierce competition could decide if BABA's 88% rally holds.TradingKey
Thu, Nov 20
U.S. September Nonfarm Payrolls: Two-Scenario Analysis, Will U.S. Stocks Diverge in Short-Term and Medium-to-Long-Term Trends?
TradingKey - This paper conducts an analysis of the U.S. September nonfarm payroll data and the subsequent employment market through two scenario-based assessments, alongside a short-term and medium-to-long-term outlook for U.S. stocks.TradingKey
Tue, Nov 18
